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8446Cy
2021-07-21
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Upbeat earnings, recovery optimism set S&P 500, Dow for higher open
8446Cy
2021-07-02
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抱歉，原内容已删除
8446Cy
2021-04-30
Amazon is a Covid proof share. It will continue to surge further.
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626872381,"share":"https://www.laohu8.com/m/news/2153646615?lang=&edition=full","pubTime":"2021-07-21 20:59","market":"us","language":"en","title":"Upbeat earnings, recovery optimism set S&P 500, Dow for higher open","url":"https://stock-news.laohu8.com/highlight/detail?id=2153646615","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p>\n<ul>\n <li>Johnson & Johnson rises on upbeat 2021 earnings forecast.</li>\n <li><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> up on raising revenue forecast.</li>\n <li><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a> up on second straight quarterly profit.</li>\n <li>Futures: Dow up 0.41%, S&P up 0.21%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> down 0.13%.</li>\n</ul>\n<p>July 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.</p>\n<p>Johnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.</p>\n<p>Coca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer <a href=\"https://laohu8.com/S/ANTM\">Anthem Inc</a> added 1.3% on raising its 2021 earnings target.</p>\n<p>\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.</p>\n<p>Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.</p>\n<p>\"There-is-no-alternative (TINA) and fear-of-missing-out <a href=\"https://laohu8.com/S/FOMO\">$(FOMO)$</a> are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.</p>\n<p>Still, a weak subscriber growth projection by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.</p>\n<p>Analysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.</p>\n<p>Market participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.</p>\n<p>For the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.</p>\n<p>Energy stocks <a href=\"https://laohu8.com/S/CVX\">Chevron</a> Corp , <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> , <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> NV , <a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleum , <a href=\"https://laohu8.com/S/MPC\">Marathon</a> Oil , and <a href=\"https://laohu8.com/S/HAL\">Halliburton</a> climbed between 1.2% and 3.2%, tracking higher oil prices.</p>\n<p><a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.</p>\n<p>Rivals <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> added 1.2% and 1.4%, respectively, ahead of their results on Thursday.</p>\n<p>Rate-sensitive lenders <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> , <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> & Co, <a href=\"https://laohu8.com/S/C\">Citigroup</a>, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, $Bank of America Corp(BAC-N)$ and JPMorgan & <a href=\"https://laohu8.com/S/CCF\">Chase</a> were up over 1% each.</p>\n<p>At 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.</p>\n<p><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.</p>\n<p>(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upbeat earnings, recovery optimism set S&P 500, Dow for higher open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpbeat earnings, recovery optimism set S&P 500, Dow for higher open\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-21 20:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p>\n<ul>\n <li>Johnson & Johnson rises on upbeat 2021 earnings forecast.</li>\n <li><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> up on raising revenue forecast.</li>\n <li><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a> up on second straight quarterly profit.</li>\n <li>Futures: Dow up 0.41%, S&P up 0.21%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> down 0.13%.</li>\n</ul>\n<p>July 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.</p>\n<p>Johnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.</p>\n<p>Coca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer <a href=\"https://laohu8.com/S/ANTM\">Anthem Inc</a> added 1.3% on raising its 2021 earnings target.</p>\n<p>\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.</p>\n<p>Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.</p>\n<p>\"There-is-no-alternative (TINA) and fear-of-missing-out <a href=\"https://laohu8.com/S/FOMO\">$(FOMO)$</a> are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.</p>\n<p>Still, a weak subscriber growth projection by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.</p>\n<p>Analysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.</p>\n<p>Market participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.</p>\n<p>For the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.</p>\n<p>Energy stocks <a href=\"https://laohu8.com/S/CVX\">Chevron</a> Corp , <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> , <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> NV , <a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleum , <a href=\"https://laohu8.com/S/MPC\">Marathon</a> Oil , and <a href=\"https://laohu8.com/S/HAL\">Halliburton</a> climbed between 1.2% and 3.2%, tracking higher oil prices.</p>\n<p><a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.</p>\n<p>Rivals <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> added 1.2% and 1.4%, respectively, ahead of their results on Thursday.</p>\n<p>Rate-sensitive lenders <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> , <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> & Co, <a href=\"https://laohu8.com/S/C\">Citigroup</a>, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, $Bank of America Corp(BAC-N)$ and JPMorgan & <a href=\"https://laohu8.com/S/CCF\">Chase</a> were up over 1% each.</p>\n<p>At 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.</p>\n<p><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.</p>\n<p>(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","SH":"标普500反向ETF","SPY":"标普500ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153646615","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)\n\nJohnson & Johnson rises on upbeat 2021 earnings forecast.\nCoca-Cola up on raising revenue forecast.\nHarley-Davidson up on second straight quarterly profit.\nFutures: Dow up 0.41%, S&P up 0.21%, Nasdaq down 0.13%.\n\nJuly 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.\nJohnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.\nCoca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer Anthem Inc added 1.3% on raising its 2021 earnings target.\n\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.\nWall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.\n\"There-is-no-alternative (TINA) and fear-of-missing-out $(FOMO)$ are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.\nStill, a weak subscriber growth projection by Netflix Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.\nAnalysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.\nMarket participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.\nFor the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.\nEnergy stocks Chevron Corp , Exxon Mobil , Schlumberger NV , Occidental Petroleum , Marathon Oil , and Halliburton climbed between 1.2% and 3.2%, tracking higher oil prices.\nUnited Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.\nRivals American Airlines and Southwest Airlines added 1.2% and 1.4%, respectively, ahead of their results on Thursday.\nRate-sensitive lenders Morgan Stanley , Wells Fargo & Co, Citigroup, Goldman Sachs, $Bank of America Corp(BAC-N)$ and JPMorgan & Chase were up over 1% each.\nAt 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.\nChipotle Mexican Grill Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.\n(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156291004,"gmtCreate":1625223134608,"gmtModify":1633942397395,"author":{"id":"3579497666530969","authorId":"3579497666530969","name":"8446Cy","avatar":"https://static.tigerbbs.com/f2820593bde8346e957122167e792c7b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579497666530969","authorIdStr":"3579497666530969"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156291004","repostId":"1106243819","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103018800,"gmtCreate":1619738529800,"gmtModify":1634210370245,"author":{"id":"3579497666530969","authorId":"3579497666530969","name":"8446Cy","avatar":"https://static.tigerbbs.com/f2820593bde8346e957122167e792c7b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579497666530969","authorIdStr":"3579497666530969"},"themes":[],"htmlText":"Amazon is a Covid proof share. It will continue to surge further.","listText":"Amazon is a Covid proof share. It will continue to surge further.","text":"Amazon is a Covid proof share. It will continue to surge further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103018800","repostId":"1188611661","repostType":4,"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":176810008,"gmtCreate":1626875737204,"gmtModify":1633770207271,"author":{"id":"3579497666530969","authorId":"3579497666530969","name":"8446Cy","avatar":"https://static.tigerbbs.com/f2820593bde8346e957122167e792c7b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579497666530969","authorIdStr":"3579497666530969"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/176810008","repostId":"2153646615","repostType":4,"repost":{"id":"2153646615","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1626872381,"share":"https://www.laohu8.com/m/news/2153646615?lang=&edition=full","pubTime":"2021-07-21 20:59","market":"us","language":"en","title":"Upbeat earnings, recovery optimism set S&P 500, Dow for higher open","url":"https://stock-news.laohu8.com/highlight/detail?id=2153646615","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news","content":"<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p>\n<ul>\n <li>Johnson & Johnson rises on upbeat 2021 earnings forecast.</li>\n <li><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> up on raising revenue forecast.</li>\n <li><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a> up on second straight quarterly profit.</li>\n <li>Futures: Dow up 0.41%, S&P up 0.21%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> down 0.13%.</li>\n</ul>\n<p>July 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.</p>\n<p>Johnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.</p>\n<p>Coca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer <a href=\"https://laohu8.com/S/ANTM\">Anthem Inc</a> added 1.3% on raising its 2021 earnings target.</p>\n<p>\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.</p>\n<p>Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.</p>\n<p>\"There-is-no-alternative (TINA) and fear-of-missing-out <a href=\"https://laohu8.com/S/FOMO\">$(FOMO)$</a> are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.</p>\n<p>Still, a weak subscriber growth projection by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.</p>\n<p>Analysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.</p>\n<p>Market participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.</p>\n<p>For the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.</p>\n<p>Energy stocks <a href=\"https://laohu8.com/S/CVX\">Chevron</a> Corp , <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> , <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> NV , <a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleum , <a href=\"https://laohu8.com/S/MPC\">Marathon</a> Oil , and <a href=\"https://laohu8.com/S/HAL\">Halliburton</a> climbed between 1.2% and 3.2%, tracking higher oil prices.</p>\n<p><a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.</p>\n<p>Rivals <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> added 1.2% and 1.4%, respectively, ahead of their results on Thursday.</p>\n<p>Rate-sensitive lenders <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> , <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> & Co, <a href=\"https://laohu8.com/S/C\">Citigroup</a>, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, $Bank of America Corp(BAC-N)$ and JPMorgan & <a href=\"https://laohu8.com/S/CCF\">Chase</a> were up over 1% each.</p>\n<p>At 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.</p>\n<p><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.</p>\n<p>(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upbeat earnings, recovery optimism set S&P 500, Dow for higher open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpbeat earnings, recovery optimism set S&P 500, Dow for higher open\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-21 20:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p>\n<ul>\n <li>Johnson & Johnson rises on upbeat 2021 earnings forecast.</li>\n <li><a href=\"https://laohu8.com/S/KO\">Coca-Cola</a> up on raising revenue forecast.</li>\n <li><a href=\"https://laohu8.com/S/HOG\">Harley-Davidson</a> up on second straight quarterly profit.</li>\n <li>Futures: Dow up 0.41%, S&P up 0.21%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> down 0.13%.</li>\n</ul>\n<p>July 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.</p>\n<p>Johnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.</p>\n<p>Coca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer <a href=\"https://laohu8.com/S/ANTM\">Anthem Inc</a> added 1.3% on raising its 2021 earnings target.</p>\n<p>\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.</p>\n<p>Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.</p>\n<p>\"There-is-no-alternative (TINA) and fear-of-missing-out <a href=\"https://laohu8.com/S/FOMO\">$(FOMO)$</a> are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.</p>\n<p>Still, a weak subscriber growth projection by <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.</p>\n<p>Analysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.</p>\n<p>Market participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.</p>\n<p>For the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.</p>\n<p>Energy stocks <a href=\"https://laohu8.com/S/CVX\">Chevron</a> Corp , <a href=\"https://laohu8.com/S/XOM\">Exxon Mobil</a> , <a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> NV , <a href=\"https://laohu8.com/S/OXY\">Occidental</a> Petroleum , <a href=\"https://laohu8.com/S/MPC\">Marathon</a> Oil , and <a href=\"https://laohu8.com/S/HAL\">Halliburton</a> climbed between 1.2% and 3.2%, tracking higher oil prices.</p>\n<p><a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.</p>\n<p>Rivals <a href=\"https://laohu8.com/S/AAL\">American Airlines</a> and <a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> added 1.2% and 1.4%, respectively, ahead of their results on Thursday.</p>\n<p>Rate-sensitive lenders <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> , <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a> & Co, <a href=\"https://laohu8.com/S/C\">Citigroup</a>, <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>, $Bank of America Corp(BAC-N)$ and JPMorgan & <a href=\"https://laohu8.com/S/CCF\">Chase</a> were up over 1% each.</p>\n<p>At 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.</p>\n<p><a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.</p>\n<p>(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","SH":"标普500反向ETF","SPY":"标普500ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite","SPXU":"三倍做空标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153646615","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)\n\nJohnson & Johnson rises on upbeat 2021 earnings forecast.\nCoca-Cola up on raising revenue forecast.\nHarley-Davidson up on second straight quarterly profit.\nFutures: Dow up 0.41%, S&P up 0.21%, Nasdaq down 0.13%.\n\nJuly 21 (Reuters) - The S&P 500 and Dow indexes were set to rise on Wednesday as upbeat quarterly results from companies including Johnson & Johnson and Coca-Cola reignited optimism about the health of corporate America.\nJohnson & Johnson gained 1.2% in premarket trading after the drugmaker forecast upbeat 2021 earnings, while Harley-Davidson Inc added 1.8% as it reported a better-than-expected quarterly profit.\nCoca-Cola Co rose 2.6% after boosting its full-year sales forecast, while health insurer Anthem Inc added 1.3% on raising its 2021 earnings target.\n\"Everybody knows this is going to be the biggest year-over-year growth rate for earnings in the second quarter,\" said Tom Martin, senior portfolio manager at GLOBALT Investments.\nWall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak, as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.\n\"There-is-no-alternative (TINA) and fear-of-missing-out $(FOMO)$ are driving the market higher. Every time there's a dip in the market, people think that's the opportunity to put more money to work,\" Martin said.\nStill, a weak subscriber growth projection by Netflix Inc, the first to report earnings from the FAANG group, pushed its shares down 0.7% and set the teach-heavy Nasdaq for a lower open.\nAnalysts expect annual S&P earnings growth of 72.9% for the April-June period, a significant improvement over the 54% growth seen at the beginning of the quarter, according to Refinitiv data.\nMarket participants are also closely watching the second-quarter earnings season to justify sky-high valuations at which the market trades right now.\nFor the year so far, the benchmark S&P 500 index has gained 15.1% on optimism about a stronger recovery due to vaccinations and favorable monetary policy.\nEnergy stocks Chevron Corp , Exxon Mobil , Schlumberger NV , Occidental Petroleum , Marathon Oil , and Halliburton climbed between 1.2% and 3.2%, tracking higher oil prices.\nUnited Airlines rose 1.6% after its revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.\nRivals American Airlines and Southwest Airlines added 1.2% and 1.4%, respectively, ahead of their results on Thursday.\nRate-sensitive lenders Morgan Stanley , Wells Fargo & Co, Citigroup, Goldman Sachs, $Bank of America Corp(BAC-N)$ and JPMorgan & Chase were up over 1% each.\nAt 8:38 a.m. ET, Dow e-minis were up 142 points, or 0.41%, S&P 500 e-minis were up 9.25 points, or 0.21%, and Nasdaq 100 e-minis were down 19.75 points, or 0.13%.\nChipotle Mexican Grill Inc jumped 4.6% as brokerages raised their price targets on the burrito chain's stock after it beat estimates for earnings and comparable quarterly sales.\n(Reporting by Devik Jain and Shreyashi Sanyal in Bengaluru; editing by Uttaresh.V and Maju Samuel)","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156291004,"gmtCreate":1625223134608,"gmtModify":1633942397395,"author":{"id":"3579497666530969","authorId":"3579497666530969","name":"8446Cy","avatar":"https://static.tigerbbs.com/f2820593bde8346e957122167e792c7b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579497666530969","authorIdStr":"3579497666530969"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156291004","repostId":"1106243819","repostType":4,"repost":{"id":"1106243819","kind":"news","pubTimestamp":1625217978,"share":"https://www.laohu8.com/m/news/1106243819?lang=&edition=full","pubTime":"2021-07-02 17:26","market":"us","language":"en","title":"NIO: Leading The Way, But Watching Valuation Multiples","url":"https://stock-news.laohu8.com/highlight/detail?id=1106243819","media":"seekingalpha","summary":"Summary\n\nAfter two months of relatively weaker deliveries from some chip shortage impacts, NIO regai","content":"<p><b>Summary</b></p>\n<ul>\n <li>After two months of relatively weaker deliveries from some chip shortage impacts, NIO regained its stride and posted another monthly delivery record for June.</li>\n <li>Deliveries were 8,083 vehicles, pushing Q2 to 21,896 vehicles, +20.4% growth from Q1 even with chip shortage impacts early in the quarter.</li>\n <li>While NIO still leads the way in the domestic Chinese group, XPeng is quickly catching up in terms of delivery numbers.</li>\n <li>Even with visible growth catalysts, expectations for EVs to become the new standard raise risks to multiple contraction from erosion of hyper-growth/disruption multiples.</li>\n <li>Given the strong rally over the past six weeks, NIO's valuation brings shares back to a more neutral outlook, down from the bullish stances from March 3 to June 1.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56e66e8847024b9f76f7e620aef0619c\" tg-width=\"768\" tg-height=\"576\"><span>Andy Feng/iStock Editorial via Getty Images</span></p>\n<p>EV companies are finding themselves back in favor with investors, with a handful of manufacturers seeing double and triple-digit rallies in a six-week span since mid-May. NIO (NIO) is one of those, with shares up over 60% in that period as the manufacturer continues with its growth and international expansion plans, while navigating the chip shortage quite well. June deliveries came in strong, and set the manufacturer up for another success story in 2H, although the strong rally could see a breather soon.</p>\n<p><b>Another Monthly Record</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6833a92766699fa10e3dc04cc8c6beab\" tg-width=\"1200\" tg-height=\"674\"><span>Graphic from NIO</span></p>\n<p>After two months of relatively weaker deliveries from some chip shortage impacts, NIO regained its stride and posted another monthly delivery record for June, over 10% from the previous record. The company delivered 8,083 vehicles, pushing Q2 deliveries to 21,896 vehicles, representing +20.4% growth from Q1 even with more of the impacts being felt during the first part of this quarter. Strong demand and higher seasonality of demand likely boosted deliveries amid these impacts.</p>\n<p>For the YTD period, NIO has delivered just under 42,000 vehicles, just 4% below its full-year tally of 43,728 vehicles during 2020. NIO remains on track to double its deliveries y/y, with 87,500 vehicles a conservative, achievable year-end target as demand seasonality and orders pick up in the winter months. NIO continues to show impressive sequential growth, with Q2 the fifth-consecutive quarter of q/q growth, and a continuation of that does support the year-end delivery target.</p>\n<p><b>Not Alone in Growth</b></p>\n<p>While NIO's deliveries were impressive, showing its ability to perform in the face of an industry-wide headwind, it's not the only Chinese manufacturer to show impressive growth.</p>\n<p>Fast-growing peer XPeng (XPEV) posted a new monthly record for June, delivering 6,565 vehicles, with the P7 recording its best month since launch at 4,730 units. While growth rates were impressive, at +459% y/y for 1H, +617% y/y for the month, and +439% y/y for Q2, XPeng had only just begun its production of the P7 in mid-May 2020 and did not complete its 10,000 unit goal until October 2020, so it isn't necessarily comparable.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7242f091fae22def7e8992e2e355cf79\" tg-width=\"1200\" tg-height=\"675\"><span>Graphic from XPeng</span></p>\n<p>What's impressive for XPeng is that even with the later start to production compared to NIO, it's quickly catching up in terms of overall delivery numbers for the monthly and quarterly tallies. June and Q2's figures are just 19% and 21% lower than NIO's, meaning XPeng needs about 25% growth from current levels to match NIO's numbers. As XPeng continues to push its technological edge and broaden its vehicle lineup, with the limited edition P7 Wing and the upcoming G3i next week, it has the necessary catalysts to catch up to NIO relatively soon, as long as its production capacity enables it.</p>\n<p><b>What's Next?</b></p>\n<p>NIO is one of the top pure-play EV manufacturers, and leading the Chinese cohort, although XPeng is quickly catching up. As a quick recap, NIO is launching in Norway during Q3, and has received the EWVTA for the ES8 while it preps its Oslo NIO House. The company also has a longer-term capacity expansion plan through Neo Park after it doubled its capacity arrangement with JAC. There's a lot to look forward to alongside revenue and delivery growth.</p>\n<p>European expansion, and inevitably potential North American expansion, are both bright spots for NIO, serving to boost both deliveries and revenues by expanding sales outlets and increasing the number of potential customers. However, the costs to establish sales and service centers, NIO Houses, and possibly production facilities could be large; if NIO decides to keep production solely in China, it brings export costs and tariffs into play.</p>\n<p>NIO's growth is visible, but the question that remains right now is the valuation - the company continues to perform well regardless of the circumstances, cruising through the chip shortage with slight impacts, but does the overall growth and change in the industry support extensive valuation growth?</p>\n<p>NIO's 2021 is poised for a second year of triple digit revenue growth, with RMB32.5-33.5 billion (US$5-5.2 billion) projected for 87,500-90,000 units delivered. While the rate of growth will cool from these levels moving forward (simply due to amounts), revenue growth will remain strong on a dollar basis, up ~US$3.5 billion/~68% for 2022 and ~US$4 billion/~45% for 2023 to reach ~$12.5 billion in revenues.</p>\n<p>Revenue growth at this degree comes at a time when EV adoption is reaching an inflection point, especially in main market China. As the nation pushes for more and more EVs on the road and more infrastructure supporting it, NIO stands to benefit through BaaS - expansion of battery swap station network to the thousands and eligibility for subsidies regardless of vehicle price.</p>\n<p>Yet even with EV adoption growing, the timelines for when EV cars will be the \"norm\" are still a bit divergent - some nations aim to be there by 2030, some aim for 2040; the overall picture is that it will take the better part of a decade of more for EVs to take over.</p>\n<p>That's a substantial amount of time for growth to unfold, which is where many people get caught only focusing on. NIO and its peers like XPeng and Tesla (TSLA) trade at higher multiples relative to ICE manufacturers that are quickly shifting into EVs. The three trade at 13-14.5x 2021 EV/sales, while Ford (F) and GM (GM) trade at ~1.4x 2021 EV/sales; this provides evidence that the leading pure-play EV manufacturers are valued higher for both their hyper-growth prospects and disruptive factors as EV adoption is poised to accelerate.</p>\n<p>With high multiples for growth and disruption, multiple expansion simply provides free money as growth continues; multiple contraction, on the other hand, could make it harder to see significant profits. If EVs are expected to take over and be the primary system on the road, can they continue to command double-digit EV/sales multiples, or will these manufacturers become the new \"ICE\" and trade at low multiples due to the amount of competition in the market and the shift to becoming the dominant technology?</p>\n<p>Of course an argument can be made that EVs are only getting smarter and more technologically advanced with autonomous driving and virtual cockpits and more, but this is the case with cars in general - the technology is only improving, and it could be harder to gain a technological edge in five or ten years' time to garner premium multiples relative to peers on a tech basis. Competition and leveling of the playing field as EVs become the dominant tech on the road could serve to bring multiples lower as every manufacturer will be fighting for the same pie - the disruptive factor will have eroded.</p>\n<p>This isn't just a potential headwind for NIO, but for XPeng and other EV players that have earned huge valuations relative to revenues for the growth and disruption story. Assuming that by 2023, NIO's revenues are projected reach $12.5 billion, but forward EV/sales has fallen from the current ~14x to ~10x, that represents about 50% upside to $75 to a $125 billion valuation. However, if NIO can sustain its EV/sales multiple profile as deliveries grow and tap into new geographies, the upside potential grows substantially.</p>\n<p><b>Overall</b></p>\n<p>NIO has found its groove again with June deliveries reaching a new monthly record, pushing Q2 deliveries to the high end of guidance given during the chip shortage. The manufacturer is showing the ability to perform regardless of the obstacles in the industry, and is setting itself up to reach 87,500 deliveries for the year with strong seasonality in 2H. Revenues are expected to grow for a second straight year at triple-digit rates to RMB32.5-RMB33.5 billion, with NIO continuing its growth story internationally and domestically.</p>\n<p>While its growth is visible, one of NIO's bigger threats moving forward doesn't stem from the business, but rather the valuation. EV companies are trading at higher multiples than ICE manufacturers due to faster growth, disruption, and tech, but if EVs are expected to become the standard, more competition is likely to erode the premiums attached to growth and disruption.</p>\n<p>Therefore, multiple contraction could be the long-term headwind for shares, as ICE manufacturers, the old standard, trade at much lower EV/sales multiples. Given the strong rally over the past six weeks, NIO's valuation brings shares back to a more neutral outlook, down from the bullish stances from March 3 to June 1 when the valuation was more attractive.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO: Leading The Way, But Watching Valuation Multiples</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO: Leading The Way, But Watching Valuation Multiples\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 17:26 GMT+8 <a href=https://seekingalpha.com/article/4437567-nio-leading-the-way-watching-valuation-multiples><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAfter two months of relatively weaker deliveries from some chip shortage impacts, NIO regained its stride and posted another monthly delivery record for June.\nDeliveries were 8,083 vehicles, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437567-nio-leading-the-way-watching-valuation-multiples\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4437567-nio-leading-the-way-watching-valuation-multiples","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106243819","content_text":"Summary\n\nAfter two months of relatively weaker deliveries from some chip shortage impacts, NIO regained its stride and posted another monthly delivery record for June.\nDeliveries were 8,083 vehicles, pushing Q2 to 21,896 vehicles, +20.4% growth from Q1 even with chip shortage impacts early in the quarter.\nWhile NIO still leads the way in the domestic Chinese group, XPeng is quickly catching up in terms of delivery numbers.\nEven with visible growth catalysts, expectations for EVs to become the new standard raise risks to multiple contraction from erosion of hyper-growth/disruption multiples.\nGiven the strong rally over the past six weeks, NIO's valuation brings shares back to a more neutral outlook, down from the bullish stances from March 3 to June 1.\n\nAndy Feng/iStock Editorial via Getty Images\nEV companies are finding themselves back in favor with investors, with a handful of manufacturers seeing double and triple-digit rallies in a six-week span since mid-May. NIO (NIO) is one of those, with shares up over 60% in that period as the manufacturer continues with its growth and international expansion plans, while navigating the chip shortage quite well. June deliveries came in strong, and set the manufacturer up for another success story in 2H, although the strong rally could see a breather soon.\nAnother Monthly Record\nGraphic from NIO\nAfter two months of relatively weaker deliveries from some chip shortage impacts, NIO regained its stride and posted another monthly delivery record for June, over 10% from the previous record. The company delivered 8,083 vehicles, pushing Q2 deliveries to 21,896 vehicles, representing +20.4% growth from Q1 even with more of the impacts being felt during the first part of this quarter. Strong demand and higher seasonality of demand likely boosted deliveries amid these impacts.\nFor the YTD period, NIO has delivered just under 42,000 vehicles, just 4% below its full-year tally of 43,728 vehicles during 2020. NIO remains on track to double its deliveries y/y, with 87,500 vehicles a conservative, achievable year-end target as demand seasonality and orders pick up in the winter months. NIO continues to show impressive sequential growth, with Q2 the fifth-consecutive quarter of q/q growth, and a continuation of that does support the year-end delivery target.\nNot Alone in Growth\nWhile NIO's deliveries were impressive, showing its ability to perform in the face of an industry-wide headwind, it's not the only Chinese manufacturer to show impressive growth.\nFast-growing peer XPeng (XPEV) posted a new monthly record for June, delivering 6,565 vehicles, with the P7 recording its best month since launch at 4,730 units. While growth rates were impressive, at +459% y/y for 1H, +617% y/y for the month, and +439% y/y for Q2, XPeng had only just begun its production of the P7 in mid-May 2020 and did not complete its 10,000 unit goal until October 2020, so it isn't necessarily comparable.\nGraphic from XPeng\nWhat's impressive for XPeng is that even with the later start to production compared to NIO, it's quickly catching up in terms of overall delivery numbers for the monthly and quarterly tallies. June and Q2's figures are just 19% and 21% lower than NIO's, meaning XPeng needs about 25% growth from current levels to match NIO's numbers. As XPeng continues to push its technological edge and broaden its vehicle lineup, with the limited edition P7 Wing and the upcoming G3i next week, it has the necessary catalysts to catch up to NIO relatively soon, as long as its production capacity enables it.\nWhat's Next?\nNIO is one of the top pure-play EV manufacturers, and leading the Chinese cohort, although XPeng is quickly catching up. As a quick recap, NIO is launching in Norway during Q3, and has received the EWVTA for the ES8 while it preps its Oslo NIO House. The company also has a longer-term capacity expansion plan through Neo Park after it doubled its capacity arrangement with JAC. There's a lot to look forward to alongside revenue and delivery growth.\nEuropean expansion, and inevitably potential North American expansion, are both bright spots for NIO, serving to boost both deliveries and revenues by expanding sales outlets and increasing the number of potential customers. However, the costs to establish sales and service centers, NIO Houses, and possibly production facilities could be large; if NIO decides to keep production solely in China, it brings export costs and tariffs into play.\nNIO's growth is visible, but the question that remains right now is the valuation - the company continues to perform well regardless of the circumstances, cruising through the chip shortage with slight impacts, but does the overall growth and change in the industry support extensive valuation growth?\nNIO's 2021 is poised for a second year of triple digit revenue growth, with RMB32.5-33.5 billion (US$5-5.2 billion) projected for 87,500-90,000 units delivered. While the rate of growth will cool from these levels moving forward (simply due to amounts), revenue growth will remain strong on a dollar basis, up ~US$3.5 billion/~68% for 2022 and ~US$4 billion/~45% for 2023 to reach ~$12.5 billion in revenues.\nRevenue growth at this degree comes at a time when EV adoption is reaching an inflection point, especially in main market China. As the nation pushes for more and more EVs on the road and more infrastructure supporting it, NIO stands to benefit through BaaS - expansion of battery swap station network to the thousands and eligibility for subsidies regardless of vehicle price.\nYet even with EV adoption growing, the timelines for when EV cars will be the \"norm\" are still a bit divergent - some nations aim to be there by 2030, some aim for 2040; the overall picture is that it will take the better part of a decade of more for EVs to take over.\nThat's a substantial amount of time for growth to unfold, which is where many people get caught only focusing on. NIO and its peers like XPeng and Tesla (TSLA) trade at higher multiples relative to ICE manufacturers that are quickly shifting into EVs. The three trade at 13-14.5x 2021 EV/sales, while Ford (F) and GM (GM) trade at ~1.4x 2021 EV/sales; this provides evidence that the leading pure-play EV manufacturers are valued higher for both their hyper-growth prospects and disruptive factors as EV adoption is poised to accelerate.\nWith high multiples for growth and disruption, multiple expansion simply provides free money as growth continues; multiple contraction, on the other hand, could make it harder to see significant profits. If EVs are expected to take over and be the primary system on the road, can they continue to command double-digit EV/sales multiples, or will these manufacturers become the new \"ICE\" and trade at low multiples due to the amount of competition in the market and the shift to becoming the dominant technology?\nOf course an argument can be made that EVs are only getting smarter and more technologically advanced with autonomous driving and virtual cockpits and more, but this is the case with cars in general - the technology is only improving, and it could be harder to gain a technological edge in five or ten years' time to garner premium multiples relative to peers on a tech basis. Competition and leveling of the playing field as EVs become the dominant tech on the road could serve to bring multiples lower as every manufacturer will be fighting for the same pie - the disruptive factor will have eroded.\nThis isn't just a potential headwind for NIO, but for XPeng and other EV players that have earned huge valuations relative to revenues for the growth and disruption story. Assuming that by 2023, NIO's revenues are projected reach $12.5 billion, but forward EV/sales has fallen from the current ~14x to ~10x, that represents about 50% upside to $75 to a $125 billion valuation. However, if NIO can sustain its EV/sales multiple profile as deliveries grow and tap into new geographies, the upside potential grows substantially.\nOverall\nNIO has found its groove again with June deliveries reaching a new monthly record, pushing Q2 deliveries to the high end of guidance given during the chip shortage. The manufacturer is showing the ability to perform regardless of the obstacles in the industry, and is setting itself up to reach 87,500 deliveries for the year with strong seasonality in 2H. Revenues are expected to grow for a second straight year at triple-digit rates to RMB32.5-RMB33.5 billion, with NIO continuing its growth story internationally and domestically.\nWhile its growth is visible, one of NIO's bigger threats moving forward doesn't stem from the business, but rather the valuation. EV companies are trading at higher multiples than ICE manufacturers due to faster growth, disruption, and tech, but if EVs are expected to become the standard, more competition is likely to erode the premiums attached to growth and disruption.\nTherefore, multiple contraction could be the long-term headwind for shares, as ICE manufacturers, the old standard, trade at much lower EV/sales multiples. Given the strong rally over the past six weeks, NIO's valuation brings shares back to a more neutral outlook, down from the bullish stances from March 3 to June 1 when the valuation was more attractive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103018800,"gmtCreate":1619738529800,"gmtModify":1634210370245,"author":{"id":"3579497666530969","authorId":"3579497666530969","name":"8446Cy","avatar":"https://static.tigerbbs.com/f2820593bde8346e957122167e792c7b","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579497666530969","authorIdStr":"3579497666530969"},"themes":[],"htmlText":"Amazon is a Covid proof share. It will continue to surge further.","listText":"Amazon is a Covid proof share. It will continue to surge further.","text":"Amazon is a Covid proof share. It will continue to surge further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103018800","repostId":"1188611661","repostType":4,"repost":{"id":"1188611661","kind":"news","pubTimestamp":1619734487,"share":"https://www.laohu8.com/m/news/1188611661?lang=&edition=full","pubTime":"2021-04-30 06:14","market":"us","language":"en","title":"Amazon sales surge 44% as it smashes earnings expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1188611661","media":"CNBC","summary":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company ","content":"<ul>\n <li>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.</li>\n <li>The company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.</li>\n</ul>\n<p>Amazonshares climbed more than 3.5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/798d7f0536203d2ae33b543f4dabf204\" tg-width=\"1281\" tg-height=\"591\"></p>\n<p>Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:</p>\n<ul>\n <li><b>Earnings:</b>$15.79 per share vs. $9.54 per share expected</li>\n <li><b>Revenue:</b>$108.52 billion vs. $104.47 billion expected</li>\n</ul>\n<p>Few companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.</p>\n<p>Amazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.</p>\n<p>Crucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.</p>\n<p>When asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”</p>\n<p>Outside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.</p>\n<p>Amazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.</p>\n<p>Amazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.</p>\n<p>Physical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.</p>\n<p>During the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.</p>\n<p>As expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.</p>\n<p>AmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.</p>\n<p>Olsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.</p>","source":"lsy1609915699154","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon sales surge 44% as it smashes earnings expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon sales surge 44% as it smashes earnings expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 06:14 GMT+8 <a href=https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188611661","content_text":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.\n\nAmazonshares climbed more than 3.5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.\n\nHere’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:\n\nEarnings:$15.79 per share vs. $9.54 per share expected\nRevenue:$108.52 billion vs. $104.47 billion expected\n\nFew companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.\nAmazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.\nCrucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.\nWhen asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”\nOutside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.\nAmazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.\nAmazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.\nPhysical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.\nDuring the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.\nAs expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.\nAmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.\nOlsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
